All Forum Posts by: Debra Grumbach

I'm new and just found BP forums and podcasts. But I did hear a recommendation for Pipe Drive as a CRM on the first podcast I listened to.

better to miss a "good deal" than to get into a bad one.

Set your criteria and stick to it.

If you are looking for 12% ROI, and this deal doesn't have it, walk away.

If you spend months never finding any that meet your criteria than maybe your ROI is too high or your numbers for repairs are too high or you need to fish another pond (like not listed properties).

 The right to vote and running for office have specific citizenship requirements. But if they get arrested they still have the right to remain silent, not incriminate themselves, due process, and the right to be free of unreasonable searches and seizures. They also have the right to free speech and religion and YES, the right to bear arms does not depend on citizenship according to the 7th circuit but several circuits disagree- the 4th, 5th and 8th).

So my answer wasn't quite accurate. They enjoy MOST of the same rights as citizens, sometimes watered down.

@Scott L. @Diane G.

As I stated, if there is no way for the lending bank to see the new mortgage online yet but Diane can get a copy of the mortgage by going/sending someone to the registry/courthouse to show that her name is NOT on the mortgage, I think they are within their rights. Should they have requested this from her instead of the closing statement? Maybe. Should they have hired their own researcher to check it out at the registry/courthouse? Probably. That would have been the best path. But mortgages don't HAVE to be recorded immediately in the states that I am familiar with. Doing so simply is good practice as first in time means first in line (MA and NH).

Back in 2003-2007, the Registry of Deeds was so busy with real estate transactions that it was hard for them to keep up with the recordings and the indexing was VERY far behind. It was not uncommon for DISCHARGES to not be recorded for MONTHS (one of mine was not recorded for over a year). This could be a problem in a case where Someone buys and then refinances shortly after and then tries to sell it. The lender they refi'd with knows the 1st was discharged, but the next lender does not because the document isn't recorded and/or indexed. It was not uncommon to have to provide your own/certified copies or closing documents to show that prior mortgage had been satisfied. Especially if there were multiple lenders in the chain. Does that make sense?

Bottom line is, until they are satisfied that she is NOT on the new loan, they aren't going to lend her the money she needs now. In MA and NH, mortgage info is public record. No idea about other states.

@Rhiannon Then posted: 

Account Closed @Michael Biggs 

My intention is not to discriminate. I don't know the law, so I appreciate your link, Michael. I don't know the rights of someone who is not here legally, and I appreciate your candor.

My answer was in response to @Rhiannon Then's last statement. Someone here illegally has all the same rights as someone here legally.

Congrats on your closed deal.

Would be curious if you can give us totals on how many mailings you have done (total pieces, 300 the first time + 997 + A + B +...) . The cost of all those mailings and other associated expenses to the point where you closed your first deal (all expenses you incurred) so that we can see what you truly netted after expenses. Kind of looking for the ROI on the mailings if that makes sense.

And then how many hours have you put into getting that first deal? So we can see the equivalent "hourly wage" you earned. Obviously as you get better at the process we would expect to see those numbers improve. 

Just curiosity as I like numbers as they give me a way to measure progress. So if you would share those numbers with us, that would be great!

all people who are within the confines of US borders have all the rights afforded through the constitution or granted through US laws. Citizenship or residency status (legal or not) has no bearing on a person's rights within the US. 

I don't know how quickly mortgages are recorded where you live, but if the mortgage is recorded that makes it public record and the mortgage states who it was granted to (your ex, or you and your ex). It may be that it's too soon for them to see a digital version of the mortgage so they need you to provide a copy. They are covering their bases and I would guess that since you were on the mortgage for that property before the refi, they need to ensure that you are NOT on the new mortgage. For all they know your divorce kept the property in your name and his name. I think they are being smart and they likely have run into this situation before and got burnt.

The homeowner doesn't HAVE to do the eviction. You could contract on it knowing you have to evict. Obviously that should affect the offer price. If the eviction process is pretty straight forward in your state, maybe you take that problem off her hands. Maybe you ask her permission to talk with the renter, without divulging your interest in the property, and see if you can get inside. Yes, there are legal ways to do this. Maybe you can get some pertinent info about the owner in the process. Can't hurt to try. What does the owner need out of the sale (time, elimination of a headache, $, etc). Maybe you offer the tenant $500 to be paid as long as she is completely vacated by noon on  X Date, no more damage than there is now. Maybe the tenant can't afford to move, or needs a good referral to get into a different place. Sounds like the landlord is "running scared." She absolutely has every right to enter the property with notice. She absolutely should be proceeding with the eviction. But if she is unwilling to stand up for her rights as a property owner, it may be time for someone with the fortitude to deal with "the issue," to step in and take the problem off the landlord's hands.

@Quinton Slay

I was saying IF she is un-upportive. Sorry I didn't emphasize that IF. 

Just a warning about goals and relationships from someone who has had roadblocks but was ALWAYS supported by a loving husband (23 years married). I cannot emphasize how important that support has been for me, and my support for him in his endeavours has been. And how important that support has been for our marriage. Just a little relationship advice from an old married lady. ;) (probably the first I have ever given)